The Resilience and Recovery Loan Fund grants: how they work and how to get one

23 September 2020

If your organisation is based in and delivering the majority of its impact in England, you could be eligible for a grant alongside your RRLF loan. With one week to go before the deadline on 30 September, our Director of Enterprise and Development Rob Benfield explains all about the process. 

Last month we announced £4m in blended grants had been made available by Access – The Foundation for Social Investment – alongside loans from the Resilience and Recovery Loan Fund.

To date, RRLF has approved funding of more than £10m to 30 charities and social enterprises. With exactly one week to go until RRLF closes to new applications, there is substantial loan and grant funding left to apply for.

So, with that in mind, how can you receive a grant alongside your loan?

Your application must be for a loan and must meet the RRLF loan eligibility criteria.

Grants will be awarded alongside a loan if it is clear that you would struggle repay a loan without the grant. In this sense, the grant enables use of the loan fund.

Assessed on a case by case basis alongside the loan, grants range from £40k - £300k and can be 20% to 40% of the loan amount.

As an example, we have provided a £360k loan and a £140k grant (alongside the loan) to a charity working in the North East of England supporting people with complex learning and health needs. They applied for a £500k loan to pay for a new IT system to enable them to pivot their business model and deliver costs savings through efficiencies. Although the organisation needed the full £500k of funding, we assessed that the organisation could only afford to repay a loan of £360k and therefore awarded the other £140k as a grant.

On the social enterprise front, we have provided a £110k loan and a £40k grant (alongside the loan) to a social enterprise working in London and the North West of England supporting children and young people who are struggling with school. They applied for £150k funding to cover the gaps caused by delays in income payments from the closure of schools and post furlough staff costs. Given the extent of the impact of COVID-19 on their current and future income streams, we assessed that they could only support a loan of £110k and therefore awarded the other £40k as a grant.

Where we have supported applicants with a grant alongside the loan, the ratio of grant to loan has been more than 30% on average, and the average grant has been just above £100k. Our experienced social investor partners will be on hand to help you think about what is right for you and your organisation.

If you have any other questions regarding the grants and how it works, please do get in touch with the team here on, and if you think RRLF could suit the needs of your charity or social enterprise, please do apply before 30 September to ensure you don’t miss out on the current offer.

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<< Read at our tips for submitting your RRLF loan application. >>


Rob Benfield

Director of Investments

Rob joined Social Investment Business (SIB) in January 2019 having spent 12 years working across both the commercial and social funding sectors.  

Prior to joining SIB, Rob was a member of the Senior Management Team of the UK microfinance organisation Fair Finance, where he helped it to expand nationally over a 5 year period. 

The earlier parts of Rob’s career were spent at HSBC where he worked in a number of roles across retail, commercial and corporate banking.This included working internationally to launch financial products in emerging markets.

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